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Tonight takes a look at the biggest UK house price falls, what areas of the country are most at risk of devaluation. Prices have been rising over the past 10 years until recently when the credit crunch has set in.
Video: 8 minutes 16 seconds
Comments
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User Comments:
Marky1333 (1 months ago)
There have been 5 depressions in the last 400 years the quickest return to house price values(pre crash) has been 36 years.
here are the time scales for house prices to return to pre depression peaks after each depression 36,36,38,54,and 90 years.
UK house prices will not return to 2007 highs until 2043 at the earliest (my guess will be more like 2055)
UK house prices will fall 65-70% minimum.
repossessioninfo (5 months ago)
Many people facing the prospect of Repossession are not aware of their options. It's an unfortunate fact that lenders do not listen to people's reasoning for falling into arrears and would rather take possession than come up with a viable solution.
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